Potential reversal --- clear break of the 112.50 in the next 4-8 hours would warrant a short into 110.30 area, further into 109-110 (TP1, TP2). Could see consolidation or further drive down based on the velocity of the move up, but that should be saved for another analysis (TP3).
Shallow stops (around early 113s) as current trend ignores many oversold indicators like RSI.
Shallow stops (around early 113s) as current trend ignores many oversold indicators like RSI.
Trade active:
Entered Sunday night NY Time @ 112.90 based on downward window. SL 113.30, TP1 110.30, TP2 109.50, TP3 108.50